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The change management Informatica needed to overhaul its business model

CIO Business Intelligence

We still operated our core license and maintenance business, but we changed everything, including CRM, revenue recognition, reporting, and customer success to support the new cloud business operating model. I’ve never had to present a case to the board and say, “This is what we need to do, and here’s why we need to do it.

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Porch Group makes unusual promise in latest acquisition — guaranteeing its stock will double

GeekWire

” The net impact, he said, is “less dilution and more value for our shareholders.”. Floify projects $10 million in revenue in 2021 and $15 million in 2022, according to a Porch news release and investor presentation. Slide from Porch Group investor presentation. million and a net loss of $81.4

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Newly public, Porch makes 4 acquisitions for more than $122M, discloses larger-than-expected loss

GeekWire

Porch also disclosed its preliminary financial results for 2020, saying that it expects a net loss between $53 and $55 million for the year, about $20 million further into the red than previously projected in its public filings. Porch detailed the financial impact of its latest acquisitions in a presentation to investors.

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Inside Nasdaq’s AI-fueled pivot to SaaS provider

CIO Business Intelligence

Nasdaq is currently using gen AI for a range of applications, including supporting digital investigators’ efforts to identify financial crime risk and empowering corporate boards to consume presentations and disclosures more efficiently. The company, which reported net revenues of $3.6

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Netflix thinks games matter more than buying movie studios

The Verge

million paid memberships in the second quarter of 2021 over its 1 million guidance forecast, even while it lost some 400,000 paid net adds. And while Netflix plans to experiment with its approach to gaming, Peters said it will include licensing opportunities, games that build on its existing IP, and standalone games.

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Porch completes $100M Homeowners of America acquisition, doubling down on insurance market

GeekWire

Based in Irving, Texas, Homeowners of America operates in six states but is licensed to operate in 31 states. Porch cut its net loss in half in 2020, to $51.6 Those companies can pay traditional licensing fees or provide Porch with access to their customers. See full presentation. Its revenue fell to $73.2

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Porch makes stock market debut, raising $322M to fuel its ambitions in home services technology

GeekWire

It posted a net loss of $103 million last year on revenue of $77.6 It makes money from software licenses and transaction fees that it receives when connecting homebuyers to movers, insurance agents, home automation and security firms, TV/internet companies and other service providers. Overcoming a cash crunch. Its cash balance was $3.9